Short sale stigma alive and well, study finds

real_estate

If you’re trying to sell a home that’s not a short sale, be sure to say so in the listing.

The “not a short sale” designation will help a home sell quicker and for more money, according to a study of 5,000 Boca Raton properties by real estate professors at Florida International University and the University of
Southern Mississippi.

The study, which analyzed data from Oct. 1, 2010 through Jan. 31, 2012, concluded that homes advertised as not short sales sold on average eight weeks faster and for 2 percent to 5 percent more than properties that didn’t carry the designation.

Read more of “Short sale stigma alive and well, study finds” by Sun-Sentinel

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